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Shares of Infosys have moved higher and hit a fresh record high of Rs 4,363 in trade on National Stock Exchange (NSE) ahead of record date for bonus issue in ratio of 1:1.
At 1116 hours, the stock was up 1.18% at Rs 4,351 on the NSE. It opened at Rs 4,322 and touched low of Rs 4,312 in trade so far.
“The company has fixed Record Date as December 3, 2014 for the purpose of allotment of bonus shares / stock dividend”, Infosys said in a statement on November 21.
The board of directors of the company at its meeting held on October 10, 2014 had recommended a bonus issue of one equity share for every equity share held.
Since then, the stock has rallied 20% from Rs 3,646 on October 9, as compared to about 7% rise in the benchmark CNX Nifty.
At 1116 hours, the stock was up 1.18% at Rs 4,351 on the NSE. It opened at Rs 4,322 and touched low of Rs 4,312 in trade so far.
“The company has fixed Record Date as December 3, 2014 for the purpose of allotment of bonus shares / stock dividend”, Infosys said in a statement on November 21.
The board of directors of the company at its meeting held on October 10, 2014 had recommended a bonus issue of one equity share for every equity share held.
Since then, the stock has rallied 20% from Rs 3,646 on October 9, as compared to about 7% rise in the benchmark CNX Nifty.
